Is Media, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Media was a Neutral Market.
Key Takeaway
Media is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Media, PA
How much do homes in Media, PA cost?
Median Sold Price
$575,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Media have sold for 5.3% less than they did a year ago.
Summary: The median home sold price in Media was $575,000 in March 2024, down 5.3% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182K | $252.5K | +38.7% |
| 2 Bedrooms | $365.2K | $299.5K | -18.0% |
| 3 Bedrooms | $525K | $497.4K | -5.2% |
| 4 Bedrooms | $697.5K | $676K | -3.1% |
| 5+ Bedrooms | $1.0M | $897.5K | -10.3% |
Summary: Media housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.7%, 2 bedroom homes decreased by 18%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 10.3%.
Median Sold Price Compared To Nearby Cities
| Nether Providence Township | $382.5K | $434K | +13.5% |
| Media | $607.4K | $575K | -5.3% |
| Upper Providence Township | $715K | $625.7K | -12.5% |
Housing Supply in Media, PA
How many homes are available in Media, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 138 | 146 | +5.8% |
Summary: The Media real estate market had 146 homes for sale in March 2024, a 5.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 64 | 58 | -9.4% |
| 4 Bedrooms | 43 | 51 | +18.6% |
| 5+ Bedrooms | 22 | 26 | +18.2% |
Summary: The Media housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 25 | +47.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Media, you may be able to get a good deal. 52% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Media in March 2024, up by 47.1% month-over-month. Of the 25 sold homes, 52% were sold under asking, 32% were sold at asking, and 16% were sold over asking.
Days on Market for Media, PA
How long does it take to sell a home in Media, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 69 Days | +39.7% |
Summary: Homes in Media had an average of 69 days on market in Mar 2024, up by 39.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Media are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 25 homes were sold in Media; 44% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
